Pursuant to Regulation 24A of SEBI (LODR) Regulations, 2015, please find enclosed Annual Secretarial Compliance Report for the financial year ended 31st March, 2025.
ADFFOODS · price
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Awaiting price reaction for this filing.
ADF Foods has submitted its Annual Secretarial Compliance Report for FY25 to the stock exchanges, as required under Regulation 24A of SEBI's Listing Regulations. The report, prepared by Practicing Company Secretary Keyul M. Dedhia and Associates, confirms the company is compliant with all applicable SEBI regulations, including Listing Obligations, Insider Trading, Takeover, and Depository rules, with no deviations, fines, or penalties reported. The report also mentions that in April 2025, the Gujarat Pollution Control Board (GPCB) issued closure directions for two manufacturing units at Nadiad over alleged Water Act violations, but the company secured a revocation of those directions on April 28, 2025 after making representations, subject to certain conditions. Separately, M S K A & Associates were appointed as Statutory Auditors for a five-year term at the August 2024 AGM.
This is a routine compliance filing with a clean compliance record and no financial penalties, which is neutral to mildly positive for shareholders. However, the GPCB episode is a flag worth monitoring — the revocation is conditional and valid for only three months, so investors should watch for any update on whether the company fully meets the conditions to keep both Nadiad units operating without further regulatory action.